The Hong Kong Monetary Authority has linked with the Applied Science and Technology Research Institute to launch the Fintech Career Accelerator Scheme.
The Fintech Career Accelerator Scheme (FCAS) already has the backing of 11 banks and nine universities. The new scheme will aim to provide practical internships for undergraduate and postgraduate students wishing to develop careers in the fintech industry.
As the first fintech internship scheme led by a regulatory authority and a research institute, banks and universities have joined force in a concerted effort to develop talents for the fintech industry.
Norman TL Chan, (pictured) Chief Executive of the Hong Kong Monetary Authority (HKMA) believes that soft power is core to the development of Hong Kong as international financial centre, and cultivating talent is the key. «We must nurture sufficient local talents in the long term to ensure that the development of the fintech ecosystem is sustainable,» Chan said at the opening ceremony.
Successful candidates will engage in a comprehensive internship with exposure to bank’s fintech projects, as well as regulatory briefings and technical trainings provided by the HKMA and Applied Science and Technology Research Institute (ASTRI) respectively.
Local and International Banks
Internship periods will be between six months to a year and will cover work within cybersecurity, distributed ledger technology, big data analytics, artificial intelligence, biometric authentication and mobile app development.
In the region of 70 openings will be on offer from the 11 participating banks.
The banks are: Bank of China (Hong Kong), Bank of Communications Hong Kong Branch, The Bank of East Asia, BNP Paribas Hong Kong, Citibank (Hong Kong), DBS Bank (Hong Kong), Hang Seng Bank, HSBC, ICBC (Asia), Standard Chartered Bank (Hong Kong) and Wing Lung Bank.
